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The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

CitiGroup joins Bank of America’s “Small Business Bandwagon”

Posted on: November 16, 2010

I recently blogged about Bank of America’s plans to hire “about” 1,000 small business bankers. It looks like the bank got such great public relations out of their announcement that CitiGroup quickly jumped on the bandwagon and announced that they’re going to hire “about” 200 small business bankers in local communities. So now that we’ve

Wall Street Journal: Get A Grip On Reality

Posted on: November 10, 2010

In a post in yesterday’s MarketWatch, http://www.marketwatch.com/story/banks-cant-make-anyone-borrow-2010-11-08 ,  Rex Nutting suggested that the problem in the credit markets is that small businesses don’t want to borrow money, and there is not much demand for loans out there. The article sites a Federal Reserve survey of lending officers of large lending institutions.  We invite Rex to come

Big Bank Challenge: Put Your Data Where Your Mouth Is

Posted on: November 08, 2010

We enjoyed reading Emily Maltby’s recent post in the Wall Street Journal, Some Players Still Sidelined in Lending Game. In this article, Emily points out that Wells Fargo issued $3.9 billion of loans to small businesses in the third quarter, Bank of America issued $5.7 billion of loans and Chase issued $2.7 billion of loans.

In Lending and Life: Honesty Wins

Posted on: November 08, 2010

At MultiFunding, we hear dozens of stories every week from small business owners.  Some are exhilarating and exciting, and others are sad and frightening.  What evolves is a very interesting barometer on small business across America. Some themes prevail.  With lost value in homes and commercial real estate, collateral is often tough to find.  And

A Challenge To My Venture Capital Friends

Posted on: November 03, 2010

Over the years of my career, I have constantly found myself entangled between two distinct worlds.  One is the world of techy entrepreneurs, angel investors, and venture capitalists.  The other is the world of main street business owners.  Both groups are trying to make a buck in their own way. While there are some similarities

Let’s start a collateral exchange

Posted on: October 29, 2010

One of the biggest struggles that small business owners face today when they are looking to borrow money – is coming up with enough collateral. Depreciated real estate values and stock accounts make it tougher and tougher for the small business owner to find the collateral they need to get the loan done.  At MultiFunding,

Bank of America pulls off yet another Small Business P.R. Stunt

Posted on: October 25, 2010

It’s been tough for Bank of America. So far this month, the shares are off 13%.  The reasons include the possibility that the bank will have to buy back billions in fraudulent mortgage loans as well as the adverse impact of new financial regulations. Despite all this, Bank of America is trying to show it

Big Business Crunches Small Business

Posted on: October 13, 2010

We all read countless articles in the media about how banks are cutting off credit to small businesses and curtailing credit. And while we believe this criticism is well due in this economic mess, there is a second crisis that is hardly discussed. Simply put – Fortune 1000 companies are taking longer and longer to

Carlateral – A Story about a Stupid Guy and His Car

Posted on: September 29, 2010

I wanted to sell my 2007 Toyota Camry.  The Kelly Blue Book value was $14,395.  I listed the car on Craig’s List and the phone calls started coming.  John made an appointment to come see the car.  He pulled up in a 2000 Ford Taurus.  He’s was wearing jeans and a golf shirt – looked

B of A, A Friend of Small Business or a Frenemy?

Posted on: September 24, 2010

Greetings from the trade show floor at the Small Business Development Center conference in San Antonio.  We’re down here launching our new site and talking with SBDC counselors about how we can help them educate their clients about loan alternatives and get funded.  We’re in a small booth, and are thrilled to be here. The